In this blog, we aim to decode the mystery and understand what a whitelabel payment gateway is, its advantages, how to choose one, and how it actually works. In the case of payment gateways, it means that you can rebrand the checkout page so your customer is assured that they are making payment to you. https://www.xcritical.com/blog/white-label-payment-gateway-benefits-and-drawbacks/ A white-label payment gateway provides the following benefits to your business. You can choose a white-label payment gateway for your business, even if you are a small business. Rather, it would help you to scale up your business as it also effectively promotes your business during the checkout.
This payment processing provider’s solution has real-time webhooks, diverse payment flows, and transfer types that increase use cases. In February 2023, Akurateco integrated with US Bank subsidiary Elavon, a global payment provider. This development facilitates more seamless and faster payment processes for companies leveraging the Akurateco platform. The white-label payment gateway by Akurateco is especially helpful for businesses with stringent compliance or regulatory requirements.
What is a White Label Payment Gateway?
The report offers valuable insight into the White Label Payment Gateway Software market progress and approaches related to the White Label Payment Gateway Software market with an analysis of each region. The report goes on to talk about the dominant aspects of the market and examine each segment. Select a white-label payment alternative that can adapt to your business’s growth effortlessly. It should be capable of managing larger transaction volumes and providing functionalities that address the changing demands of your business.
Additionally, businesses can easily add or remove payment methods as needed, without having to go through a lengthy process with a third-party provider. This flexibility and control allow businesses to create a payment experience that is unique to their brand, leading to increased buyer delight. White-label payment gateways are customised to allow your business to include your brand’s identity while making transactions online.
Why Choose PayBito White Label Payment Gateway
A white-label payment gateway can be a great option if you’re running a business with several verticals, each of which complements the other. The number and type of payment integrations vary from one payment provider to another. For instance, Akurateco offers 200+ payment connectors https://www.xcritical.com/ via one integration to the platform. White-label payment gateway is out-of-the-box branded payment software with the latest technologies and multiple integrated payment providers. You can rent it from a vendor on a subscription basis and use it as your own software.
White Label Payment Gateway Solutions providers like WLPayments have the expertise and capability to provide the latest innovative technology to simplify online payments. They have direct integrations and accreditations with numerous acquiring banks, as well as payment methods. You avail all these benefits by partnering with them and can market the solution as your own.
Can improve brand consistency
This benefit also applies to instant balance transfers or wires and real-time payments. Also, as Akurateco’s customers save more money and time on maintenance and development, they can dramatically increase their revenues. Akurateco is an agile company that offers Payment Team as a Service to deliver more customized human-powered support. The white-label payment gateway by Akurateco is compliant with the Payment Card Industry Data Security Standard or PCI DSS Level 1.
The multi-currency crypto wallet is the highlight of PayBito’s white-label payment gateway infrastructure. It is a ready-to-use turnkey solution for businesses to help their customers connect with the brand while using the wallet to store crypto for transactions. Be certain that the white-label payment variant you prefer supports various compensation methods, such as credit cards, debit cards, digital wallets, and other alternative earnings options. Also, payment service providers can fine-tune and optimize the system’s functionalities, integrations, and user experience to meet their unique business needs and objectives. When you opt for the right white label payment gateway, it helps to retain customers and builds confidence in the services that you are offering.
Payment Gateway APIs: What is a Payment API and How to Integrate with a Payment Gateway UPI
White-label payment gateways may improve customer loyalty by reflecting the company’s brand and thereby offering assurance to the consumer. This demonstrates the legitimacy of the checkout, assuring the shopper and fostering loyalty. In addition to publicizing your company, white-label payment gateways provide clients the peace of mind they need to part with their cash. These services, as well as mobile payments SDK, help retail, e-commerce, casino, and infrastructure companies.
They go above and beyond to protect customers’ payment information from fraudsters and other malicious actors. They use state-of-the-art security measures like encryption and fraud detection, which help to safeguard sensitive data from unauthorized access. Encryption jumbles confidential data, such as credit card numbers, making it indecipherable to hackers. Meanwhile, fraud detection tools raise red flags on suspicious activity like multiple transactions in a short period, which might indicate fraudulent activities. Two-factor authentication is another advanced security feature that some white-label payment gateways provide to beef up security.
Check integration options
As businesses continue to shift towards online operations, the demand for secure and efficient payment processing solutions is growing rapidly. White label payment gateways are expected to play a crucial role in this shift by offering flexible and customizable payment solutions that meet the unique needs of businesses. With the rise of mobile payments and digital wallets, white label payment gateway providers are expected to continue expanding their services and offering cutting-edge payment technologies.
- The term “white label” means legally reselling the product or software created or developed by a third party.
- Making use of a reliable payment gateway is the best idea for businesses to save time, effort and resources.
- Additionally, these gateways can handle multiple currencies and languages, enabling businesses to expand their reach and access international markets.
- Partnering with White Label Payment Solution provider saves you time on all aforementioned aspects.
- Also, as Akurateco’s customers save more money and time on maintenance and development, they can dramatically increase their revenues.